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Science-Related Homework Help Statistics and Probability Topic started by: kathxrinx on Mar 10, 2018



Title: Money paid to an individual or institution for the privilege of using their money is referred to as ...
Post by: kathxrinx on Mar 10, 2018
Money paid to an individual or institution for the privilege of using their money is referred to as ____________________.
 Fill in the blank(s) with correct word

Q. 2

A(n) ____________________ is the part of the checkbook in which deposits and checks are recorded.
 Fill in the blank(s) with correct word

Q. 3

Checks that have not yet been received or paid by the bank are called ____________________ checks.
 Fill in the blank(s) with correct word

Q. 4

_________________________ allows you to do your banking by using your personal computer and the Internet.
 Fill in the blank(s) with correct word

Q. 5

The balance needed in an account in order to make a series of payments from the account is called the
 A) present value of an ordinary annuity.
  B) annuity due.
  C) future value of an annuity.
  D) ordinary annuity.

Q. 6

The deposit amount after subtracting any cash received by the customer is referred to as the
 A) total deposit.
  B) final deposit.
  C) net deposit.
  D) gross deposit.

Q. 7

Why do banks typically assess service charges?
 A) For handling a customer's checking account.
  B) For a customer using the bank's ATM machines.
  C) For a customer withdrawing funds from a checking account.
  D) To offset the interest earned by a customer.


Title: Money paid to an individual or institution for the privilege of using their money is referred to as ...
Post by: abdcefghijk on Mar 10, 2018
Ans. #1

interest

Ans. #2

check register

Ans. #3

outstanding

Ans. #4

Online banking

Ans. #5

A

Ans. #6

C

Ans. #7

A


Title: Money paid to an individual or institution for the privilege of using their money is referred to as ...
Post by: kathxrinx on Mar 10, 2018
I know you spent a lot of time finding this because I swear it wasn't in my textbook


Title: Money paid to an individual or institution for the privilege of using their money is referred to as ...
Post by: abdcefghijk on Mar 10, 2018
You're partially right, it's found midway in the chapter, but not at all easy to find. Good luck with the rest